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07 Oct

United Nations Food Programme Leveraging Blockchain Technology for Supply Chain and Identity Management Purposes

By Daniel Zo Blockchain, WFP, Africa, UN, Read Comments

The potential of blockchain technology for supply chain purposes has often been praised by experts throughout the world. Now, recent reports indicate that the United Nations World Food Programme, commonly known as the WFP, will begin blockchain-based supply chain management testing in Africa.

With this in mind, the WFP has tested out a similar system for refugee aid purposes in the Middle East. With the project’s newest implementation, blockchain technology will be used to track food delivery in the east African region. More exactly, the blockchain network will track food shipments arriving in Djibouti, on their way to Ethiopia, where the UN’s main food operation camp is located.


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26 Sep

MasterCard Files Several Blockchain-Related Patents as Interest Grows

By Daniel Zo Blockchain, Mastercard Read Comments

MasterCard’s interest in blockchain technology has been peaking over the last couple of months. Now, recent reports indicate that the payment services giant is considering the use of blockchain to better keep track of consumer payments.

According to a recent patent filing, published by the U.S. Patent and Trademark Office, MasterCard explains how distributed ledgers can instantly record point-to-point transactions. The afferent data can then be used by organizations to compile logs consisting of purchased items.


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17 Aug

South Korean Government Allocates $880 million to Innovative Technologies like Blockchain

By Daniel Zo South Korea, Blockchain Read Comments

According to recent reports, South Korea’s interest in blockchain technology is peaking, granted that the government has recently decided to allocate a total of $880 million towards the development of innovative technologies, such as blockchain, big data and artificial intelligence.

In a government press release, it was stated that the deputy Prime Minister, Kim Dong Yeon, held a ministerial meeting on the 13th of August, to discuss the country’s investment plans in innovative technologies for the following five years.


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20 Jul

UK Barclays Corporate Bank Files Two Crypto Patents

By Daniel Zo Barclays, Blockchain, Crypto, Patent Read Comments

According to recent reports, the U.K Barclays bank, which is likely the biggest international corporate bank, has filed two crypto-related patents with the United States Patent and Trademark Office. The decision showcases the existence of a trend among companies, which are actively trying to gain exclusivity over future crypto market technologies.

With this in mind, the first patent is related to ‘a system for transferring cryptocurrency from a payer to a recipient, comprising receiving an identifier of data describing the first entity’. On the other hand, the second patent represents a method and system that ‘records data describing a first entity, the data endorsed by a second entity comprising the second entity validating data describing the first entity, wherein an identifier is associated with the data, the identifier being generated from a public key of the first entity.’


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04 Jun

China’s Wikipedia Adds Blockchain-Based Revision System

By Daniel Zo Baidu, Blockchain, China Read Comments

As part of China’s censorship moves, the Chinese version of Wikipedia has been banned at the beginning of 2018. Despite this, there is an alternative to the encyclopedia available in the country, this being Baidu Baike, which is the search giant’s equivalent to the platform.

Now, recent reports indicate that the website has implemented blockchain technology, in order to help record all revision entries. The move is meant to bring more transparency alongside traceability for revisions to the online platform.


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22 May

China’s Current Stance on Blockchain Technology Detailed in White Paper

By Daniel Zo China, Blockchain, White paper Read Comments

The state of cryptocurrencies and blockchain technology in China is especially relevant to the industry, given the country’s active regulatory process, which has heavily influenced the market in the past.

Recently, the Chinese Ministry of Industry and Information Technology, commonly known as MIIT, has published a white paper regarding the blockchain technology market in mainland China. Despite the country’s crackdown on digital currencies, it seems like by the end of March 2018, there were 456 active blockchain-based companies. In fact, according to Yu Jianing, the chief of the MIIT Information Centre Industrial Economy Research Institute, 2017 has been the best year for the industry so far, granted the appearance of 178 blockchain-related companies, whereas the technology begun achieving maturity.


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11 May

Russia is Working on a Blockchain-Based SWIFT Network Alternative

By Daniel Zo SWIFT, Russia, Blockchain Read Comments

SWIFT, commonly known as the Society for Worldwide Interbank Financial Telecommunication, represents one of the world’s biggest financial networks, as it allows financial institutions throughout the world to send and receive money alongside data on financial transactions, via a reliable and standardized environment. It represents the system used by most of the world’s banks for sending and receiving money, yet it has often threatened to withdraw from Russia given economic sanctions.

As a response, back in 2014, Russia has begun developing its very own Financial Communications Transfer System (SPFS) that it would use in case of a SWIFT withdrawal. While the SPFS is currently an alternative system, a total of 585 Russian banks use it as a standard, whereas others keep it in reserve in case SWIFT ends up being withdrawn from the country.


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07 May

Indonesian Government Shows Growing Interest in Blockchain Technology

By Daniel Zo Indonesia, Blockchain Read Comments

During the last couple of years, governments throughout the world have been actively researching and looking for ways to implement blockchain technology into the public administration. Now, recent reports indicate that both the public and private sectors in Indonesia, are exploring the technology.

With this in mind, the government has taken what many refer to, as a leadership role, meant to further explore blockchain technology. This has been done by having the Financial Services Authority create a team, in charge with studying all methods in which blockchain technology can help improve Indonesia’s financial services market.


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24 Apr

Samsung Working on All-Inclusive Blockchain Supply Chain Platform

By Daniel Zo Blockchain, Samsung Read Comments

Samsung is commonly known as one of the world’s biggest smartphone and TV producers, yet this aspect doesn’t stop the South Korean giant from actively looking into blockchain technology, and how they can leverage it both for its inner operations and customer base.

With this in mind, recent reports indicate that Samsung is working on a distributed ledger platform, which would help it better keep track and process its global shipments, worth tens of billions of dollars on a yearly basis. According to Samsung’s informational, technology and logistical arm, Samsung SDS Co., the blockchain-based system may cut shipping costs by more than 20%.


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19 Apr

NASA Considering Ethereum Blockchain for Space Exploration Project

By Daniel Zo Blockchain, Ethereum, NASA Read Comments

So far, there hasn’t been much news regarding any involvement of NASA with blockchain technology, or digital currencies. However, things are about to change, as a research project that recently received funding from NASA, will be looking for ways to leverage Ethereum’s smart contracts, to help automate spacecraft manoeuvring and avoid space debris.

NASA, which is also co-running the research and development effort of the project, has mentioned that the development may revolutionize the search for deep space probes. To put things better into perspective, NASA is investing in a project that would use blockchain and smart contract technology to not only enhance space communications, but also to make navigation efforts safer and more efficient.


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